fund
Invesco Managed Income (UK) Y
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232.62p
Price (Inc)
These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.
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280.10p
Price (Acc)
These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?
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0.00%
Initial chargeSome funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!
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1.03%
Annual management charge
This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).
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1.03%
Ongoing charges
This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.
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2.40%
Yield
How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…
The fund manager aims to achieve capital growth and a high level of income by using internal funds at Invesco Perpetual, however the manager can also use external funds and other securities to achieve the objective. The manager uses funds which offer exposure to global equities, though with a bias to the UK, and to fixed income.
Fund summary
| Sector | Mixed Investment 40-85% Shares |
| Structure | OEIC |
| Launched | |
| Size | £197m |
| Yield | 2.40% |
| Charging basis | Capital |
| Dividends paid | 31 Jan, 30 Apr, 31 Jul, 31 Oct |
Charges
| Standard initial charge | 0.00% |
| Initial charge via Bestinvest | 0.00% |
| Annual management charge | 1.03% |
| Ongoing charges figure | 1.03% |
Allocation
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Investment process
Applying a fund of funds approach, principally utilising Invesco Perpetual's internal range of funds, investment decisions are principally driven by asset allocation decisions based on the team's macroeconomic (economic view of the world) and industrial views. Therefore appropriate funds are selected to match these views - that is funds which offer exposure to regional equities and fixed income securities.
Three year returns having generally been in line with the fund's benchmark, which is largely a symptom of its fettered approach (focus on internal funds) and highly diversified portfolio due to a large number of underlying stocks. For core portfolio exposure we prefer our rated global equity funds or a diversified selection of our rated regional funds.
Manager research
Average monthly relative returns
- 16/17 0.00%
- 17/18 0.00%
- 18/19 0.00%
- 19/20 0.00%
- 20/21 0.00%
Bestinvest MRI
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
- 3 years 0.00%
- 5 years 0.00%
- Career 0.00%
Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
Track record
Periods of worst performance
| Absolute | 0.00% () |
| Relative | 0.00% () |
About the MRI
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.
Allocation
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Sector breakdown
| Financials | 13.00% |
| Health Care | 9.00% |
| Information Technology | 9.00% |
| Industrials | 8.00% |
| Consumer Services | 6.00% |
| Consumer Discretionary | 5.00% |
| Utilities | 5.00% |
| Banks | 4.00% |
| Money Market | 3.00% |
| Telecommunications | 3.00% |
Portfolio
Although investing on a global basis the fund is always likely to have a bias to the UK with an emphasis on income.